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. >> reporter: pope benedict 16 says he will be quitting february 28, less than 8 years into his papacy. he said his strength has deteriorated the last couple months and he noted a lack of strength to fulfill his mission. the senior sa senior advisor sae noticed the pope slowing down. we watched pope john paul ii suffer through the last few years of his papacy. maybe he wanted to avoid that. the former cardinal joseph ratzinger was touched by the charges of child abuse in the catholic church. bill: what happens next on the dates that are aren't? >> reporter: he's leaving february 28, 8:00 p.m. local time in rome. that leaves that very important vacancy and sets up a conclave of cardinals. vatican says by mid-march at the latest. vatican says we should have a new pope by esther sunday march 31. pope benedict will not take part in the conclave. usually a conclave happens after a pope dies. 1415 was the last time a pope quit in office. who is the next pope? he could come from developing areas of the world. it guarantees a lot of drama and a lot of black or white smoke coming from the roof is sistin
on "andrea mitchell reports" live pictures from vatican city. where pope benedict xvi shocked the world today and some of his closest advisors announcing he will step down as the leader of the 1.2 billion roman catholics at the end of this month. he will be the first pontiff to abductate in 719 years. >> today signing a lack of strength. the pope said i have had to recognize my incapacity to adequately fulfill the ministry entrusted me. reactions are pouring in. >> i think pope benedict xvi legacy is his engagement of faith with the modern world. >> i feel particular -- a particular bond with him and a note of sadness, to be honest with you. on the other hand, my appreciation for him, which was already high, is enhanced a bit because with the sense of realism that he has such an esteem for the office of the successor of st. peter, which is what the pope sshg the bishop of rome, the successor of st. peter, he says, you know, i may not be up to it now, and perhaps i can best serve jesus and his church and his people by stepping aside. i have to admire him. >> and here at home one day ahead of p
. >>> we do have breaking news this morning. shocking news, really. pope benedict xvi isresigning. a spokesman will not reveal way. fatigue and possibly declining health over the past year, but, again, no reason has been given. he became pope in 2005. you will remember, he had been joseph rat singer, cardinal, a major figure at the vatican for years before he became pope benedict. german born. been pope for nearly eight years. nearly eight years and this is just a major, major bit of news this morning. coming out of the vatican, again, cnn confirming the pope will step down on february 28th, which is just a little over two weeks from today. >> and no clear reason. we're trying to get more details to share those with you. this is shocking. this is shocking, absolutely shocking. we'll continue to watch the developments for you, folks. 6:00. the painstaking cleanup getting under way after a violent tornado ripped through mississippi tearing apart homes, businesses and even causing damage to a university campus. a storm chaser occasi e er -- l. capture these images. this is 100 miles
on a transatlantic free trade agreement. >> pope benedict celebrates his last public mass as pontiff inside st. peter's basilica in rome. >> and the movie "night train to lisbon" has its world premiere at the berlin film festival. president barack obama says the american economy has made important progress, but there is still a long way to go. he delivered the annual state of the union address in washington last night and urged americans to help jump-start the country's sluggish -- sluggish economy. >> pushing hard for a special economy would significant job growth. that looks like the message obama plans to hammer home time and time again during his time in office. >> presidents also touched on foreign policy, praising u.s. soldiers stationed in afghanistan and promising them a speedy return home. >> the president of the united states. [applause] >> it is a washington ritual, long applause, handshakes, and hugs on both sides of the aisle. in his speech, obama focused clearly on domestic issues, among them, raising the minimum wage, reforming immigration, and modernizing the education system. he also
for just another money for 1.2 billion catholics across the globe. pope benedict xvi stunned virtually everyone announcing he will step down at the end of the month. in the catholic church, that sets off an elaborate and spiritual effort to fill one of the most prestigious jobs in the world. senior foreign affairs correspondent amy kellogg begins our coverage from rome. >> reporter: even to many insiders the announcement came at a shock. pope benedict said he no longer has the strength to lead the roman catholic church as it needs to be guided and he will step down on february 28. >> he is loved for the church such that he has concluded it will be better not to try to lead the huge flock. without the full strength. we pray for him. we pray for the church. >> i have always admired him as a scholar and priest and holy man. now the admiration for him is higher because of the humility. >> cardinal was the oldest to be chosen as pope. he had a tough act to follow in the wake of global adoration enjoyed by his predecessor, pope john paul ii. he rose to the occasion, travelling abroad, two do
>>> breaking news we have been telling you about. pope benedict xvi resigning february 28th. he is citing ill health. and uncertainty what that ill health will be. we're trying to get more details. unprecedented. >> hasn't happened in 600 years. so many questions. so much now that needs to happen with electing the new pope. we'll bring you the information coming up on "starting point" a few seconds from now. that's "early start." i'm john berman. >> i'm sfwlor azoraida sambolin. "starting point" with soledad o'brien starts right now. >>> we begin with breaking news. pope benedict xvi resigning. age and fatigue are the reasons behind his resignation. here is what the statement reads in part "both strength of mind and body are necessary. strength which in the last few months has deteriorated in me to the extent that i have had to recognize my incapacity to adequately fulfill the ministry entrusted to me." this tweet came from the pope's account 23 hours ago. we must trust in the mitty power of god's mercy. we are all sinners, but his grace transforms us and makes us new. this woul
to adequately fulfill the ministry entrusted me. reactions are pouring in. >> i think pope benedict xvi legacy is his engagement of faith with the modern world. >> i feel particular -- a particular bond with him and a note of sadness, to be honest with you. on the other hand, my appreciation for him, which was already high, is enhanced a bit because with the sense of realism that he has such an esteem for the office of the successor of st. peter, which is what the pope sshg the bishop of rome, the successor of st. peter, he says, you know, i may not be up to it now, and perhaps i can best serve jesus and his church and his people by stepping aside. i have to admire him. >> and here at home one day ahead of president obama's state of the union address, vice president biden is meeting with law enforcement officials in philadelphia about reducing gun violence. while victims of gun violence, like former congresswoman gabby giffords, takes a stand. >> we have a problem where we shop, where we pray, where our children go to school. take it from me. congress must act. >> and this hour president obama
in modern times think resignation is acceptable or not. pope benedict said, in fact, made it very clear that being able to resign was acceptable and made this part of the statement released from the vatican, both strength of mind and body is necessary, and lots of questions, of course. we know the date he would be stepping down, which would be february 28th. many questions about why now? mep notice that the pope is much more frail in recent months, and the question would be unbelie unbelievably unusual. let's go to nic robertson joining us by phone. nic, lots of questions. nic live in london this morning. a bit of a stunner. was there any indication that this resignation was coming? >> absolutely none whatsoever, and the last few months, the pope started a twitter account, not what you expect the pope to do when he would say his pope is deteriorating. the pope has looked deep into his conscience, this is a personal and profound decision that he has made with god in light of the responsibilities he has. and the other thing we heard from the papal spokesperson, which is interesting, becau
benedict xvi stunned every this week by announcing he is resigning at the end of this month. we expect the cardinals to gather in mid-to late march to elect a new pope. our brian todd has a closer look now at who will run things in the meantime, and at the politics of picking the pope's successor. >> reporter: it is politics in overdrive, with the pope leaving february 28th, who will be in power at the vatican until a new pope is elected. there is a position, a right-hand man to the pope, who deals with finances and the managing tasks. it was portrayed as a master power broker. in real life, the title was held by the cardinal who also holds the powerful position of secretary of state, who in the vatican is like a prime minister. but experts say don't get the idea that bertoni is the stuff of movie legend. >> despite the job title and movies, he is not the best organizer? >> no, the joke in rome is he couldn't organize a one-man band, the number one criticism is they couldn't make the job run on time. >> reporter: the correspondent for the national catholic reporter newspaper says that
benedict xvi says he'll resign at the end of this month after only eight years as leader of the world's 1 billion roman catholics. he says it's because of his age and his health. and now the question being asked around the world, who will be the next pope? we're watching what's going on. we have several correspondents in rome. pope benedict's papacy has been marked by serious controversies, especially the sex abuse scandal and his prior role as the church's lead investigator personally handling every single case that made its way to the vatican. cnn's brian todd is working this part of the story for us. we're going to go to rome in just a few moments, but tell us what's going on. >> reporter: wolf, here at the basilica of the national shrine of the immaculate conception they were shocked as anyone. this is the spot where it was one the most talked about moments of his visit to the united states almost five years ago. the place where he addressed one of the biggest controversies of his tenure and there was certainly no shortage of those during his papacy. the scrutiny began before he even
of the world's most famous dog show, but first, new revelations about the pope. learn more about benedict's medical history as the vatican prepares to choose his successor. this is the "cbs morning news." and now hot pink toes. seems tough for a tough dog like duke. but when it has anything to do with gwen, he's putty in her hands. for a love this strong duke's family only feeds him iams. compared to other leading brands it has 50% more animal protein... ...to help keep his body as strong as a love that can endure anything... even every fashion trend. iams. keep love strong. [ nyquil bottle ] you know i relieve coughs sneezing, fevers... [ tylenol bottle ] me too! and nasal congestion. [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> well, this is one of the toughest jobs in new orleans, getting partiers off the street at the end of mardi gras. at midnight police tried to clear bourbon street but the crowd stepped aside briefly, and
story later on on "gma." >>> we turn to a change of the top of the catholic church. pope benedict made the bombshell announcement he is stepping down. >> at age 85, the pope says he cannot keep up with the job. nick schifrin joins us from rome with more. good morning, nick. >> reporter: good morning, rob. good morning, diana. pope benedict is a shy leader. but he's unpredictable, unprecedented. and it might just guarantee his legacy. at 85, he is silver-haired and cerebral and says he simply can't keep up. pope benedict xvi tells his cardinals in latin, quote, i had to recognize my incapacity to adequately fulfill the ministry entrusted to me. in the last year, benedict grew increasingly frail. >> he certainly slowed down a bit. you could tell he had trouble negotiating steps. he started using the cane several months ago. >> reporter: but the german pope never slowed down, putting the church on an orthodox path. he opposed homosexuality and female priests. he tried to heal wounds, apologizing to victims of sexual abuse. >> they have to come to terms with the priest scandal. they have t
>> announcer: news 4 midday starts now. >> a story that caught many by surprise. pope benedict will be stepping down at the end of the month. we'll look at what steps will be take en to replace the pontiff. good morning and welcome to news 4 midday. >> it's monday, february 11, 2013. we begin with the developing story from the vatican. pope benedict xvi announced this morning he'll step down as leader of the catholic church. nothing like this happened before in the modern mechanics of the church. angie, two obvious questions. why and what happens next? >> good morning to you. even with the answers we have people remain in shock over this announcement. he also gave his blessing in finding the next leader of the catholic church. leading the prayer this morning at the vatican, pope benedict xvi told a small group he's leaving at the end of the month. in a statement he says his strength due to his age has deteriorated making him unable to fulfill the demands of the position. the vatican said he's not leaving because of difficulties with the papacy. benedict is the first pontiff to
insiders and catholics around the world. pope benedict xvi been said it's time for someone physically stronger to leave the cat like church. >> reporter: the contest making this stunning announcement at a meeting with his cardinals. >> and he plans to retire at the end of themont. >> i'm shocked as much as you. >> reporter: even though he's aware of the seriousness of stepping down, he doesn't have the strength to carry out his papal duties saying, quote, both strength and mind and body are necessary. strength, which in the last few months, did tireiated in me. >> i always admired him as a scholar, as a priest, as a holy man. and now my admiration is higher because his humility. >> reporter: he's 85 years old, the first german pope in hundreds of years. elected in 2005, he succeeded john paul ii. there have been recent concerns about his health and he's needed help walking, but a vatican spokesperson insists he's not facing anything grave. the cardinals will elect his replacement and hope that can happen by holy week. >> they're looking for someone to preserve the court teachings of t
. >>> thank you, guys. a stunner in the catholic church. benedict is the first pope in 600 years to leave on his own will. so the question is, who's next? i'm brooke baldwin. the news is now. he says he wants revenge on the lapd. now as this ex-cop remains on the run, police announce they're looking into his firing. >>> plus, yet another navy s.e.a.l. breaks his silence about the raid that killed osama bin laden. but this time, it's the guy who shot the world's most wanted terrorist. my panel weighs in. >>> and -- ♪ some nights i call >> they are arguably the hottest band in music right now. do you still feel like you're dreaming or has it hit you, your success? >> and you will hear my behind the scenes chat with grammy winners fun. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thin
the final brief appearance there. and the final end to the benedict papacy comes four hours from now when the doors of gandolfo close and they leave. let's go down to keir simmons covering it all for us. kear, good morning to you. >> reporter: hey, savannah, good morning, the saints looking down on the square have not seen a day like this in medieval times. in the papal palace, over my shoulder here, the pope, as you say, has been meeting were his cardinals, tells them, i'll be with you in prayer. dawn across rome. this city has seen more than 260 pontiffs, only two popes passed in the last thousand years have left like this. the cardinals, princes of the church, gathered this morning for a warm farewell to pope benedict. some cardinals wants to speak to him for as long as possible. pope benedict will resign just after sunset. this home, this beautiful summer palace, quiet after a frantzic few weeks. >> at 8:00 exactly, he will stop being pope, the swiss guards who stand guard outside the palace and he'll go. >> reporter: rough seas he admitted yesterday and now the task begins of choosin
the world. pope benedict xvi stepping down at the end of the month. he says because of his advanced age. he's no longer able to handle the demands of being pope. the last pope to resign was way back in 1415, i will have much more of what happens next. and what is ahead for the catholic church. >>> and former navy s.e.a.l. who reportedly fired the shot that killed osama bin laden, he says he has no pension, no medical insurance, according to an article in esquire magazine, the man known only as the soter packed a train to protect his family from al qaeda terrorists seeking revenge. i will talk with investigative reporter who talked to that navy s.e.a.l. in a few minutes. and the u.s. coast guard coming down to the rescue to help a cruise strip stranded in the gulf of mexico. more than 4200 passengers and crew all stuck on a carnival cruise line try ump that is getting as can you imagine a little funky, a little uncomfortable. a woman on board tells us that the toilets not working any more. a fire broke out on the ship yesterday, and was headed back to texas. that ship will be towed to the ne
. >>> this was a bittersweet day at the vatican as pope benedict xvi made his final sunday appearance as the church faced new allegations of wrongdoing. nbc's anne thompson is at the vatican for us again tonight. anne, good evening. >> reporter: good evening, lester. today's events, you can see both the strengths and weaknesses of the catholic church, the exuberant energy and faith in the massive crowd gathered here, and the new charges of abuse that continue to haunt this institution. today, the world came to st. peter's square for pope benedict's final sunday blessing. part pep rally. part prayer service. just being in the crowd of 1,000 was a learning experience for these american students. >> that the faith has no national boundaries and political interests. >> reporter: the object of their affection and gratitude, the 85-year-old pontiff. he told the crowd he is not abandoning the church but answering god's call to more prayer and meditation, more appropriate for his age and strength. yet even in this joyful square, the scandals that marked his papacy were on the minds of some. >> i think he has done an
benedict has pacemaker in his heart long before being elected as pope back in 2005. months ago, we now know he had surgery to replace the pacemaker batteries, an operation that was conducted in absolute secrecy. vatican says it was routine. the shock waves continue to reverberate for catholics around the world and a lot of folks seem to have the same reaction, even if it's something the world hasn't seen in six centuries. >> i shows what a truly humble servant. he loved our church so much, he didn't let pride get in the way. >> probably we're in the right times and listen to the catholic church and new generation of catholics. >> its demanding job. it takes a special person at that age to handle the day to day and far reaching plans of the church. >> i appreciated the word father smith used, retiring. when you can't do the job, hand it over. >> retiring is something we have never thought of but his retirement years, vatican says he will be moved in the vatican owned villa, a monastery where crews are working on renovations. a handful of people at the vatican knew it was going to be the pope
, will continue to update you on this developing story throughout the newscast. >> pope benedict xvi will celebrate ash wednesday mass at the vatican tomorrow. it will be his last public appearance before the pontiff steps down at the end of the month. danielle nottingham reports for wjz have the vatican. >> reporter: the crowds in st. peter's square are speculating about who will replace pope benedict xvi. some feel the time has come for more diversity in the catholic church. >> i think it will be good to have a black pope. >> i'm from venezuela. and we hope to get a pope from another country. >> i don't think it matters where they are from, as long as they're open thelogically to opening many -- welcoming as many people into the church as possible. >> reporter: cardinal could be the first black pope. cardinal armelino. and scolia one of the strongest european candidates. pope benedict is stepping down because the 85-year-old said he no longer has the physical or mental strength to lead. >> reporter: the vatican just disclosed that pope benedict
are getting word from a wire service that apparently pope benedict the 16th is about to resign. if you go back a year ago when he turned 85, there was some speculation that he might call it quits because of his declining health. there has been no additional update on why the pope is going to resign, but nonetheless the story is out there. we've got reporters on it. and as soon as we know why, we will share that with you. >>gretchen: that will be huge news obviously, so we'll keep you posted. let's go to the other top story which is the extreme weather alert. now we're talking about down south. a massive tornado caught on camera ripping through the heart of has -- hattiesburg, mississippi. >> happening right outside my hotel. check this out. look at that. >>gretchen: the devastating twister leaving at least 4,200 people without power. >> dude, that's insane. >> oh my! >> it's about to hit sam's. >>gretchen: as the tornado traveled down the main street, it mangled homes, businesses and several buildings on the campus of the university of southern mississippi. >> i saw it right around, as it was
on this breaking story. >>> there is more information about the sudden resignation of pope benedict xvi. the pontiff said he is stepping aside because he does not have the strength of mind or body. catholic officials hope to elect a news pope before easter. danielle nottingham has the latest from the vatican. >> reporter: the crowds in st. peter's square are speculating about who will replace pope benedict xvi. some feel the time has come for more diversity in the catholic church. >> perhaps it will be good to have a black pope. >> i'm have south america, from venezuela, and we hope to get a pope from another country. >> i don't think it matters where they're from, as long as they're wel open thelogically to welcoming in as many people into the church as possible. >> reporter: names are surfacing. cardinal peter turkson from ghana, could be the first black pope. cardinal sand ri of argentina is considered the top candidate from latin america. and andrew skoala is considered one of the strongest european candidates. pope benedict is stepping down bec
: see you tomorrow. bill: it is a day of history truly. in less than two hours pope benedict xvi departs the vatican as pope for the last time, a remarkable event that has not happened in some 600 years. long before cable. good morning, everybody we'll watch this together. i'm bill hemmer, welcome to "america's newsroom." lovely color. martha: lovely scene there in rome. it is incredible to watch. good morning, everybody. i'm martha. the pope is expected to depart the papal residence today. he will get on a helicopter. that will happen 11:00 our time. you will see it here on "america's newsroom". bill: the pontiff holding a final audience with the cardinals, the church leaders that will choose his successor from among their own ranks. his holiness sharing a brief, private moment with each one of the cardinals. he will stand behind their choice as he prays for them and the next pope in the coming days. >> translator: among you in the college of cardinals, there is the future pope to whom already today i promise my unconditional reference and obedience. for all this with love and gratefuln
pope benedict reassured roman catholics that will continue to serve god when he enters retirement on thursday. but as that transition gets under way, allen pizzey reports a new vatican scandal has emerged. >> benedict used his final sunday blessing to assure the estimated 100,000 people in st. peter's square that he wasn't abandoning the church. the 85-year-old pope said we would continue to serve but in a way more suitable to my age and my strengths. the crises that sapped his strength continue to swirl even as benedict goes into what he calls a new life of prayer and meditation. >> in the name of the father. >> three priests of the former cleric have claimed that cardinal keith o'brien of scotland engage in the inappropriate contact with them 30 years ago. their charges were sent to the 1r59 can a week before the prepare resigned. the myriad scandals in the church didn't worry elizabeth warbl of st. paul minnesota. >> it's in god's hands. the holy spirit has been with the church for 2,000 years, i don't think it will crumbable in a year. >> kenneth sympathized with benedict. >>
's burned out vehicle was discovered. >>> a big story, the shocking news from the vatican, pope benedict xvi made a surprise announcement he's resigning, something that hasn't been done in more than half a millennium. the pope says he no belonger has the strength of mind and body -- no longer has the strength of mind and body to perform his papal duties. a new pope should be elected in time for easter. the last pope to resign was celestine the v in 1294. fox 5's bob barnard has the latest on the state of the catholic church. >> i see this as a remarkable demonstration of his humility. >> i don't believe that the catholic church is going to select anybody very different. >> it's t knocked my socks off. >> reporter: there's all kinds -- it knocked my socks on. >> reporter: there's all kinds of reaction today to the resignation of pope benedict xvi. >> it's sad. we'll miss him. >> reporter: monsignor solomon smith is a pastor in silver spring and credits the pope with dealing with the child sex abuse scandal head on. >> you get to my generation of priests, we've taken it seriously since the
. a final farewell to the faithful. pope benedict xvi addressing an enormous crowd in morning in st. peter's square for his final time. we say good morning you. i'm bill hemmer. welcome to "america's newsroom". martha: good to see you, bill. i'm martha maccallum. what a emotional and historic moment we saw play out today. it has been 600 years since the last time a pope made this decision to step down. more than 150,000 people filed into st. peter's square to be part of this moment to witness it live. pope benedict going along in the pope mobile there. he blessed some of the children in attendance. there is some of that. boy, a lot to unfold. bill: over the next 24 hours, martha, he will be a former pope. 8:00 local time tomorrow on thursday, the pontiff taking, look at those pictures. reflecting on the big moment as his life and his church enter uncharted waters. >> translator: the words that resonated in my heart have been, lord, why are you asking me? it is a great burden that you have placed on my shoulders. but if you ask me, i will accept. certain that you will guide me, even with al
at the vatican to choose a successor to pope benedict. and tonight, a cbs reporter shows us, there are new hints of scandal clouded of pope's final days. >> in a final address today, benedict thanked church officials for helping him bear the weight. the italian media has been riddled with alleged scandals, including the existence of a gay lobby of homosexual priests within the church high . the latest stories are centered on an investigation by three cardinals into the scandal that resulted in the conviction of the pope's butler for stealing secret documents. today, the vatican issued a blast of defusion of news that is often unverified, unverifyable and false, with serious damage to people and institutions. the main concern seems to be the effect the news could have on the cardinals when they enter the conclave to choose the next pope. scottland's cardinal summed it up this way. >> knowing the person who might choose will be assuming increasi heavy responsibilities, not just for the roman catholic church, but for itself. >> benedict remains busy with the responsibility of fare well. today i
t you just sit around and wave? how well he be remembered? lets just see he's no pope benedict xv. >> remember when he waved to this group of people and that group of people? that was a glorious day. remember when he made that full court shot at the buzzer to beat central? that was a miracle. the announcement has taken the internet by tomorrow. hilarious tweets have been posted like this one that says if you'd like to throw your hat into the ring to be the next pope, make sure it's a tall one. there are tons more. this is the first time pope has trended on twitter since the grammys. the new hope, selected in a top secret ceremony at the vatican. we know it will be hosted by ryan seacrest. i would love to be considered. i have ample experience lying around in robes and being irrelevant. i'm sorry, that was in appropriate. i'm done talking now. >> someone is always in our war room. check us out on line at current.com/thewar, rules. link up and check out our exclusive web i canes. thanks for joining us. have a great night. welcome to the "the young turks." well, it looks like we're g
, of course, but nobody has done it since 13th century. well, the pope benedict xvi said it two years ago. if i feel like my strength or he kept it general, if a pope doesn't have the strength to carry on to perform his duties, it is very important duties for the 1.2 billion catholics around the world, he should step down. it's something that nobody's even considered in modern times. even john paul 2 who was much more ill or much more tired looking and ill, of course. he was very ill than pope benedict xvi looks and he said i had enough of this and just going to retire and read and live a spiritual life until the end and leave it with somebody younger and stamina. who that guy or pope will be, we don't know yet. we'll know soon. >> all right. thank you very much, claudio. let's bring in nbc news vatican analyst george wigle and father thomas at georgetown university. gentlemen, thank you so much for joining us. george, you have been on air all pretty much throughout the day. your initial reaction to this news, especially knowing what the pope said two years ago? >> i wasn't surprised at t
as this week. >> pope benedict xvi giving his last sunday blessing to a massive crowd in st. peter's square. thanking the faithful before he resigns on thursday. and italians are heading to the polls today in a crucial parliamentary election that could shape their future. italy is one of europe's biggest economies. >> kelly: office depot's acquisition of office max among mergers that have been announced recently. wall street appear to have approved but the mergers must get by the justice department. lately they have made a habit of blocking similar deals. what is going on here? joining us is brenda buttner, anchor of "bulls and bears", and always good to see you. why are we seeing so many of these messager deals taking shape? >> money. there is so much corporate cash on the sidelines that has not been invested. essentially what is happening, i think outside the financial sector, it's estimated there is $1.7 trillion on the sidelines in corporate cash reserves. they need to do something with that money. they are feel more confident. they are going to go on a shopping spree and essentially bu
point" begins right now. >>> welcome, everybody. pope benedict and his final public farewell. 1.2 billion catholics, making his last public appearance in st. peter's square, telling tens of thousands of followers his decision to step down comes with a deep peace of mind. >> translator: i have taken this step in full awareness of the gravity, seriousness and a profound serenity in my soul. >> chief international correspondent christiane amanpour joins us live from rome this morning. >> reporter: good morning, soledad. pilgrims streaming out of st. peter's square behind me, where they gathered several hours ago for the final public audience by pope benedict xvi. he did something rather unprecedented for these what are weekly audiences. he toured around the square in his pope mobile and tens of thousands of people inside the square got a first-hand look at him. lots of waving, lots of cheering, and he delivered his blessing and talked about what it maend to take the step, you just heard him say he understood the enormity of this, the gravity of it, and the novelty of it, this is in
. pope benedict xvi is stepping down as pontiff at the end this of month. tonight one french cardinal calls the move liberating for future popes. benedict is 85 years old and says he doesn't have the strength of mind and body needed to continue. the vatican says there is no specific health problem forcing him to step down. while a small group around the pope knew the announcement was coming it was a complete surprise for most of the church including washington's archbishop cardinal donald worrell. >> very startling. i was totally unprepared for it. the second reaction was, we're going to have to now think a little differently. >> cardinal worrell talking about the selection of the new pope while the former pope still lives. when exactly that will happen, still up in the air. tonight catholics have a lot of questions about the church's future and about what to expect from the next pontiff. jim rosenfield is live at the basilica of the national shrine with more on the story. >> doreen, some candid talk from the pulpit here during evening mass where leaders are as curious as followers ab
benedict xvi announced the historic resignation. >> he'll go from wearing a robe all day to wearing a robe all day. >>> president obama will announce a year from today, the united states will have 34,000 fewer troops in afghanistan. >>> all that -- >> the westminster dog show is back. >> to keep mice from overrunning their mistress's boudoirs. >> top ten questions on the application to become a "sports illustrated" swimsuit model. >> how would brent musburger describe you. >> >> clint's son colin stole the show. >> colinkohl pope benedict xvi announced his resignation. >> what will he do for work? he could become the walmart greeter. captioning funded by cbs >>> welcome to "cbs this morning." north korea defied the country again, the foreign ministry is threatening measures of greater ear intensity. >> bill plante confirmed president obama will discuss the during nuclear test during his state ofnion add the union tonight, the president will say it merely isolates north korea even more.t the north says it tested a de lighter miniaturized nuclear device underground. marga
. that burst into flames. one one >> pope benedict the sixteenth led his final sunday prayer as pontiff this morning. tens of thousands came to st. peter's square to hear the pope's sermon, and to pray with him. on thursday, benedict becomes the first pope tobut he says he's not abandoning the church. instead, the 85-year-old will spend his days praying in a vatican city monastery. though he has cited age as the reason for his retirement, an italian newspaper suggests something more controversial: they say a network of gay priests at the vatican is being blackmaled by male prostitutes. >> a los angeles cardinal who will help elect the next pope is being questioned about pedophile priests during his time as the city's archbishop. church documents suggest cardinal roger mahony knew priests were sexually abusing children. but went out of his way to protect the priests from prosecution. mahony spent several hours in a deposition on saturday, answering questions about the sex abuse scandal. a petition effort is underway to keep mahony from being allowed to vote for the next pope. >> san fran
have new details on his help. any speculation reduce speculation of pope benedict's success. >> following a strategic review. they hope to cut 4000 jobs. almost half will come out of the investment bank. >> bob diamond was blamed for changing from a top banking to high risk investment banking. they were outraged by the size of bonuses and the illegal fixing of the libor rates. the new went on how they want to change for barclays. >> i think we were into short- term focus. on occasion we were too self- serving. what we're talking about is building a better barclays that learned from those experiences that will deliver the whole of our stakeholders. >> he is not only want to improve the bank's image with the public, he wants to woo investors as well. the bank made a $360 million loss last year. he is cutting $2.5 billion from barkley's annual costs. 1900 jobs will go with the european retail and business banking sector. 1800 in corporate banking. >> the investment bank's deliver 4.1 billion of this profit. they are losing money on the retail side. the investment bank will reta
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